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Arcos Dorados Holdings Inc., the exclusive franchisee of McDonald's in 20 Latin American and Caribbean countries, reported a quarterly EPS of $0.28, exceeding estimates. The company announced a quarterly dividend of $0.06 per share, with a yield of 2.95%. Institutional investors hold 55.91% of its stock, while analysts have recently downgraded its rating from "buy" to "hold."
Scotiabank has appointed Pablo Elek, previously a top executive at HSBC's Mexico unit, as CEO of its Mexican operations, effective May 15. This move aligns with the bank's strategy to focus on North America, as it shifts capital away from Latin America, including the transfer of operations in Colombia, Costa Rica, and Panama to Banco Davivienda. CEO Scott Thomson noted that while the bank is cautious about U.S. tariffs, it remains committed to its North American corridor strategy.
Scotiabank has appointed Pablo Elek, previously a top executive at HSBC's Mexico unit, as CEO of its Mexican operations, effective May 15. This move comes as the bank shifts its focus towards North America, having already transferred operations in Colombia, Costa Rica, and Panama to Banco Davivienda. Scotiabank's capital strategy reflects a significant emphasis on the U.S. and Canada, with Mexico contributing less than 10% to its earnings.
Morgan Stanley Investment Management has announced a portfolio management change for the Morgan Stanley China A Share Fund, Inc. In other news, Indian equities continued to rise, driven by gains in banks and energy stocks, while Citigroup adjusted its price target on Morgan Stanley to $125, maintaining a neutral rating. Additionally, Morgan Stanley raised its GDP growth forecast for China in 2025.
Ecora Resources has acquired a $50 million copper stream from Moxico Resources’ Mimbula mine in Zambia, enhancing its earnings and copper portfolio. ATOME PLC's partnership with Hy24 on the Villeta project advances its hydrogen initiatives, while CleanTech Lithium targets an ASX listing pending government decisions on its Laguna Verde project. Nostra Terra Oil and Gas has nearly doubled production at Pine Mills to 99 barrels per day, and Alt Resources aims to be the only AIM-listed royalty company focused on gold and critical minerals, with a new acquisition supporting Theta Gold Mines' development in South Africa.
Emerging market sovereigns face vulnerabilities amid rising global financial volatility, particularly with the U.S. dollar rallying. Countries like Argentina, Turkey, and South Africa have seen significant currency depreciations, while exposure to currency risk varies widely, with South American nations notably affected. Additionally, potential capital outflows and increased interest burdens could exacerbate financial pressures for several emerging economies.
Liberty Latin America (NASDAQ:LILA) was downgraded by Barclays from "equal weight" to "underweight," with a new price target of $6.50, indicating a potential downside. The company reported a quarterly EPS of -$0.90 and has a market cap of $1.37 billion, with a 52-week range of $5.93 to $10.81. Recent insider activity includes Director Brendan J. Paddick acquiring over 34,000 shares, increasing his stake in the company.
UBS analyst Priya Sachdeva raised Penumbra's stock price target to $320 from $305, maintaining a Buy rating following strong fourth-quarter results and 2025 guidance. The company reported EPS of $0.97 and revenue of $321.3 million, exceeding expectations, while projecting 12-14% revenue growth for the upcoming fiscal year. Analysts highlight significant growth in Penumbra's U.S. thrombectomy business and its strategic focus on expanding its CAVT portfolio to capture more market share.
UBS analyst Priya Sachdeva raised Penumbra's price target from $305 to $320, maintaining a Buy rating after the company reported strong fourth-quarter results and 2025 guidance. With a gross margin of 63.2% and a liquidity ratio of 6.01, Penumbra is positioned for steady growth, particularly through its CAVT portfolio in medical procedures. Canaccord Genuity and BTIG also increased their price targets, reflecting confidence in the company's profitability and market expansion plans.
Gildan Activewear Inc. is a vertically integrated manufacturer specializing in basic apparel, including activewear, underwear, and hosiery. The company offers a diverse range of products such as T-shirts, socks, and men's and women's underwear, marketed under various brands across North America, Europe, Asia Pacific, and Latin America. Its manufacturing facilities are located in the U.S., Central America, the Caribbean, and Bangladesh.
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arcos dorados reports earnings growth and dividend announcement amid stock fluctuations
Arcos Dorados Holdings Inc.
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09:03 31.03.2025
Scotiabank appoints Pablo Elek as CEO of Mexico unit
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13:07 26.03.2025
Scotiabank appoints Pablo Elek as CEO of Mexico unit
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21:45 25.03.2025
Morgan Stanley announces management changes for China A Share Fund
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13:46 24.03.2025
investment updates from ecora resources atome plc and clean tech lithium
ALT Resources plc
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14:57 28.02.2025
BNP Paribas Report Distribution Across Global Financial Markets
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14:34 27.02.2025
liberty latin america downgraded by barclays amid mixed stock performance
13:19 25.02.2025
ubs raises penumbra price target to 320 maintaining buy rating
16:14 19.02.2025
ubs raises penumbra price target to 320 maintaining buy recommendation
16:14 19.02.2025
gildan activewear reports strong business trends ahead of fourth quarter results
20:53 11.02.2025
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